The US snack bar market was valued at USD 6,829.38 million in 2017, and is expected to reach USD 8,804.49 million by 2023, registering a CAGR of 4.40%, during the forecast period (2018 – 2023).

Consumer demand for convenient and healthy on-the-go snack options has by-far been the primary attribute for sales of snack bars in the US.

The changing lifestyle of consumers involving the consumption of smaller meals is further leading to the increased consumption of snacks, which is expected to propel the demand for snack bars. Owing to the availability of a wide range of flavours within various snack bar categories, the demand in the US for snack bars grew considerably.

US Snack bar Market Dynamics

The US snack bar consumption has witnessed a spurring increase in demand among consumers, due to appropriate positioning of these products. Currently, the market has snack bar products for every occasion, ranging from energy bar for workout, to fruit or nut bars for fulfilling fruity taste at any point of time.

Consumer preference for clean label ingredients is evidently high. Snack bar has various opportunities within functional ingredients, reduced sugar, savory spins, and plant proteins, which is a fueling factor for the growth of US snack bar market.

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